Financials

Snowflake has announced financial results for Q2 2023, ended July 31, 2022, topping estimates with an 83 per cent year-on-year revenue increase to $497.2m. Product revenue for the quarter was $466.3m, also representing growth of 83 per cent, whilst remaining...

ServiceNow building | ServiceNow Partner Program

ServiceNow exceeds on Q2 earnings targets whilst revenues fall short

ServiceNow has reported financial results for Q2 ended June 30, 2022, showing subscription revenues of $1.65bn, representing 25 percent year‑on‑year growth. However, the company’s total revenues for Q2 were up 24 percent to $1.75bn, just falling short of the $1.76bn...

SAP up in the clouds for Q2, but profits fall

SAP has reported financial results for its Q2 2022 and half year ended 30 June 2022, revealing a 34 percent year-on-year increase in cloud revenue to €3.06bn, driven by growth across its SaaS and PaaS portfolio. SAP’s current cloud backlog...

Cloud boom drives strong Q4 for Oracle

Oracle has reported better-than-expected fiscal 2022 Q4 results, driven by a rise in demand in its infrastructure cloud business. Q4 cloud revenue was $2.9bn, up 19 percent in USD, while total quarterly revenues were up 5 percent year on year...

Cloud drives momentum for SAP in Q1

SAP has reported results for Q1 ended March 31 2022, revealing 31 percent growth in cloud revenue to €2.82bn. SAP’s current cloud backlog was up 28 percent to €9.73 billion, with the war in Ukraine reducing current cloud backlog growth at constant currencies by 0.8 percentage points.

Strong SAP results reveal record cloud performance

For the fourth quarter, the company saw rapid expansion of current cloud backlog to €9.45bn, up 32 percent. Driven by strong adoption of RISE with SAP, S/4HANA current cloud backlog is up 84 percent to €1.71bn, while cloud revenue increased by 28 percent to €2.61bn.

Daniel Dines UiPath | UiPath first quarter

UiPath beats revenue expectations in Q3

UiPath, the automation software provider, has announced results for Q3 2022 ended 31 October 2021, revealing a 50 percent year-on-year increase in revenue to $220.8m.

image of Bill McDermott / CEO of ServiceNow

ServiceNow reports $1.4bn in subscription revenue

ServiceNow has announced financial results for Q3 ended 30 September 2021, revealing a 31 percent year-on-year increase in subscription revenue to $1.4bn.

Christian Klein / SAP CEO | SAP first quarter

SAP Q3 boosted by cloud

has announced strong financial results for Q3 ended 30 September 2021, showing a 20 percent year-on-year rise in cloud revenue to €2.39bn and a surge in RISE with SAP adoption.

SAP raises full year outlook

Cloud momentum has accelerated in the third quarter, with cloud revenue increasing by 20 percent to €2.39bn, current cloud backlog up 24 percent to €8.17bn and SAP S/4HANA current cloud backlog up 60 percent to €1.28bn.

image of the Oracle office/ Oracle debuts Compute Cloud@Customer

Cloud revenue up for Oracle

Oracle has announced its fiscal 2022 Q1 results, showing a 4 percent year on year increase in quarterly revenues to $9.7bn.

ServiceNow Q2 results surpass expectations

ServiceNow has exceeded expectations with its latest set of financial results, reporting Q2 revenue of $1.41bn, up 27 percent from the same period last year. Wall Street had anticipated second quarter revenue of $1.36bn.

Oracle Q4 beats estimates

Oracle has reported its fiscal 2021 Q4 results, revealing total quarterly revenue growth of 8 percent year-on-year to $11.2bn.

ServiceNow’s stock falls despite solid Q1 performance

Despite its first quarter results exceeding expectations, ServiceNow’s stock fell after the company revealed it had added fewer big contracts in Q1 than in previous quarters.

SAP reveals preliminary Q4 and full year results

SAP has announced its preliminary financial results for the fourth quarter and full year ended 31 December 2020...

Solid first quarter results for ServiceNow

ServiceNow has released financial results for Q1, with subscription revenues of $995m representing 34 percent...